News

German finance ministry report highlights weakness

German finance ministry monthly report, some of the key points:

  • German economy started the third quarter on a weaker footing

Citing:

  • slowing global economy
  • Brexit and trade conflicts uncertainties hurting exports

Also

  • domestic economy weakening
  • Federal Labour Office was seeing signs of a future rise in unemployment

“In the coming months the prospects for developments in unemployment have deteriorated” 

“On the other hand the employment trend remains robust albeit at a slower pace.” 

In summery from a Reuters report.

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